How expensive are lab-grown diamonds?

How expensive are lab-grown diamonds?

Sep 30th 2023

Lab-grown diamonds are real diamonds that are costly as compared to mined diamonds. Because of their inherited value, they are costly to cut. Lab-grown diamonds are so delicate that particular types of cutters are needed to cut them and produce beautiful diamonds.

The cost of lab-grown diamonds is so high because of the same quality as mined diamonds. They exhibit the same fire, scintillation, and sparkle as mined-diamonds. Lab-grown diamonds are worth buying because of their rich material, and this information would not be less than a blessing to those who are always in quest to know if it is worth buying lab-grown diamonds.

Expensive are lab-grown diamonds

Lab-grown diamonds are typically 50-70% less expensive than natural diamonds of similar size and quality. However, the exact price of a lab-grown diamond will vary depending on a number of factors, including:

  • Carat weight: Larger lab-grown diamonds are generally more expensive than smaller ones.
  • Cut: The cut of a diamond has a significant impact on its brilliance and sparkle. Lab-grown diamonds with better cuts are typically more expensive.
  • Clarity: Clarity refers to the number and size of inclusions in a diamond. Lab-grown diamonds with fewer and smaller inclusions are generally more expensive.
  • Color: Lab-grown diamonds come in a variety of colors, including colorless, near-colorless, faint yellow, and light yellow. Colorless lab-grown diamonds are generally the most expensive.

Here is a sample of lab-grown diamond prices from a popular online retailer:

  • 1 carat, round cut, E color, VS1 clarity: $1,200
  • 1 carat, princess cut, G color, SI1 clarity: $900
  • 1 carat, cushion cut, H color, I1 clarity: $700

As you can see, there is a wide range in price for lab-grown diamonds, depending on the factors listed above. If you are on a tight budget, you can still find a beautiful lab-grown diamond at an affordable price.

It is also important to note that the resale value of lab-grown diamonds is typically lower than that of natural diamonds. This is because lab-grown diamonds are a relatively new product, and the market for them is still developing. However, as lab-grown diamonds become more popular, their resale value is expected to increase. While knowing the worth of lab-grown diamonds, it is also necessary to know how expensive lab-grown diamonds are.

Knowing how expensive lab-grown diamonds are, it is necessary to keep in mind the four Cs: color, cut, clarity, and carat. The cost of lab-made diamonds is 40% to 50% less than natural diamonds, but both are of similar size and quality. However, the technology and methods of lab production are improving over time. Consumers demand less expensive diamonds, and this trend will continue for lasting years. Fashion class is compelling the audience to know how expensive lab-grown diamonds are because of their non-limit payment to the diamond retailers, and it is also a big issue for those who are not able to pay high prices.

The world’s largest diamond company, De Beers, declared about the lab-grown diamond called Light Box, and it gained much more popularity than other kinds of diamonds. There was an average discount for a one-carat synthetic diamond as compared to a natural diamond. 29% discount was observed for lab-made diamonds in 2018, and still, it is at the same rate, and people are expecting more discounts in the upcoming days.

Lab-grown diamond wedding bands are the central part of its designs as they are highly demanded both for the groom as well as party occasions. People who order lab-made diamonds for wedding functions need to learn how expensive are lab-grown diamonds. The thing they need is just the requirement of their order on their demand.

Lab-grown diamonds are carved skilfully to give a sparkle and natural look to stones. EX3 Diamond explores unique pieces of jewelry that allure the customers in online stores, and they rush to order it instantly.

The sub and substance of the above discussion is that lab-grown diamonds are high in price but not more than natural diamonds. They have their value in their unique style and sparkling material, a style that makes them more attractive than mined diamonds.